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office buildings
Landmark Lever House boasts Park Ave. views, modern design after $100M redevelopment
Lever House, the 390 Park Ave. masterpiece that first brought curtain-wall design to commercial New York in 1952, is back in business after a two-year closure and $100 million redevelopment....
Judge orders WeWork to cough up financial records related to broken lease at NYC skycraper
A New York judge has demanded that WeWork, which filed for bankruptcy this week, cough up "bank statements, canceled checks, wire transfers, records of deposits, withdrawal receipts and wire transfer...
Midtown, Lower Manhattan foot traffic down 33% -- one of worst post-COVID rates in US: survey
"We’ve been tracking since early 2022, and New York was an early comeback story – but then stalled," said Karen Chapple, director of the University of Toronto's School of Cities,...
Manhattan's stalled office leasing market poised for late-year boom
Despite commercial real estate’s well-known woes, the deals might augur even larger transactions -- of up to 1 million square feet each -- in 2024, sources said.
'Brand new' 511 Fifth Ave. office tower hits leasing market after redesign
The 18-story building was until two years ago home to a single tenant, Israel Discount Bank, for more than 50 years.
'Boutique' tower on Billionaires' Row provides new home for Calvary Baptist Church
Like a gift from heaven, the shiny new church-and-office building on Billionaires’ Row that we first told you about two years ago is finally on the rise. The “boutique” tower at...
More workers returning to NYC office buildings than previously reported: study
There are lots more employees in Big Apple offices than the most often-cited “barometer” of attendance would have you believe.
Philadelphia's Center City District head condemns Back-to-Work Barometer
New York City landlords aren’t the only ones who are fed up with Kastle Systems oft-cited Back-to-Work Barometer, which claims to tally physical office occupancy. Paul R. Levy, president/CEO of Philadelphia’s...
Pulsating 'X' sign at San FranTwitter HQ infuriates neighbors
Twitter solidified its rebrand with a beaming "X" sign atop its San Francisco headquarters. The sign, which also features pulsating and strobing lights, has angered nearby residents.
No takers on San Francisco's big tech buildings for sale
With commercial and residential vacancy rates at all-time highs in the city, many big tech buildings have been left abandoned following the COVID-19 pandemic.
New REBNY report shows strong Manhattan office occupancy numbers
In the summer of 2022, the 1.7 million square-foot office tower at 787 Seventh Avenue was less than 20% occupied by employees of such tenants as BNP Paribas, Sidley Austin and...
Canyon of zeroes: Lower Manhattan office rental market 'suffering like no other'
There are a few reassuring market omens despite today’s record Manhattan 21% office availability. SL Green sold a 49% stake in 245 Park Ave. in a deal that valued the building...
Flawed rent and tax forecasts fester wild 'apocalypse' predictions
As of July 2023, there have been 193 murders, down from 488 in 2021 and 438 in 2022, according to reports.
GM Building adds new Savoy Club wellness center for tech-loving tenants
It’s part of majority owner BXP’s campaign to make the nearly two-million square foot tower at Fifth Avenue and East 59th Street even more competitive -- and hip -- in what’s...
West End Labs signs first tenant in Graviton Bioscience for new 400K-square-foot life sciences building
Graviton Bioscience, a developer of therapeutics to treat autoimmune diseases, leased 30,000 square feet in the new, 400,000 square-foot building.
Restored 19th Century townhouses, glass office in Meatpacking District set for reveal
The Meatpacking area’s prettiest new project, and perhaps its most expensive office space, will soon emerge from behind scaffolding at the busy crossroads corner of Ninth Avenue and West 14th...
'Zombie' buildings abandoned during commercial real estate 'apocalypse'
Commercial real estate owners in hubs like New York, San Francisco, and Hong Kong are handing keys back to lenders for properties worth less than the debt secured against them.
How Amazon got smacked on Lord & Taylor deal — and why it's doubling down on NYC anyway
"One day later they would have killed the deal," an insider briefed on the situation said of Amazon.
Empty offices push restaurant owners to pivot to NYC's work-from-home hotspots
Serafina Hospitality Group will expand its portfolio to the Upper East Side this month with a new subterranean sushi hotspot, Tokugawa, at 1022 Madison Ave.
Work from home, empty offices leading to 'doom loop' for NYC: study
Owners of commercial office buildings can only ignore this reality for so long. When the market is violently repriced, New York City’s tax revenues are going to tank and the...